What is EMV certificate?

- Jan 03, 2019-

The purpose of EMV standard is to establish a unified standard of card and terminal interface in the financial IC card payment system, so that all cards and terminals can be interoperable in this system, and the adoption of this technology will greatly improve the security of bank card payment and reduce fraud. As of 2014, EMV96 and EMV2000 have been officially released.


EMV2000 standard is a unified technical standard for international financial IC card debit/credit application. It is jointly formulated by three major international bank card organizations. The main contents of the standard include the transaction process of debit/credit application, the application criterion of debit/credit and the security certification mechanism.

EMV migration is in accordance with EMV2000 standards, in the issuance of cards, business processes, security control, acceptance of the market, information transfer and other links to promote the upgrading of bank magnetic stripe card to chip card technology, that is, to replace the current use of magnetic stripe bank card with the use of IC card bank card. With the development of information technology, microelectronics technology, the improvement of EMV standards and the implementation of international EMV migration plan, the migration of bank magnetic stripe card to IC card is an inevitable trend.

In order to implement the EMV relocation plan, international organizations have decided that they will no longer be responsible for the losses caused by the crime of using magnetic stripe cards in Europe since 2005. This decision is scheduled to take effect in the Asia-Pacific region in 2006. According to the new rules of the game, from 2006 onwards, the liability for loss of fake cards will be classified according to whether it meets the EMV standard or not. That is to say, if one party in the transaction meets the EMV standard and the other party does not, the party who does not meet the EMV standard will bear the full responsibility. Globally, the time limit for unified use of IC cards is 2008.

In February 1999, three major international card organizations jointly established EMVCo to manage, maintain and improve the specifications of EMV smart (chip) cards.


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